Top 10 Profitable Startups in India

Currently, India is the powerhouse of startups but does not know how many startups are making profits. Many startups appear in the corporate sector but only several great startup ideas have established themselves. India’s startup ecosystem has rapidly ascended to global prominence, boasting an array of innovative ventures that are reshaping various industries.

In 2024, the landscape is marked by several standout companies that have not only disrupted their respective industries but have also achieved impressive profitability. These most profitable startups in India span various sectors, from fintech and e-commerce to travel and infra, showcasing the diverse opportunities within the market. This article delves into the top 10 most profitable startups in India and highlights their financial successes.

Here is the list of the Most Profitable Startups in India.

1. Zerodha

Profit – $347.35 million (INR 2,908 cr.)

Zerodha, an online discount brokerage firm founded in 2010, has revolutionized the trading landscape in India. With its user-friendly platform and cost-effective trading solutions, Zerodha has made investing accessible to millions. In 2024, Zerodha stands as the most profitable startup in India, boasting a profit of INR 2,908.9 crore. This success is attributed to its innovative business model, which includes zero brokerage fees for equity investments and a flat fee for intraday and F&O trades.

2. Zoho Corporation

Profit – $338.74 million (INR 2,836 cr.)

Zoho Corporation, established in 1996, offers a comprehensive suite of business software solutions, including CRM, invoicing, and office productivity tools. Known for its customer-centric innovation and organic growth, Zoho reported a profit of Rs 2,836 crore in 2024. Zoho has grown organically without external funding, reflecting its strong market presence and the continued demand for its versatile software products.

3. OfBusiness

Profit – $55.3 million (INR 463 cr.)

OfBusiness, founded in 2015, is a fintech platform that provides SMEs with access to credit and raw materials. By leveraging technology, OfBusiness has streamlined the procurement process and offered financial support to small and medium enterprises. In 2024, it achieved a profit of Rs 463 crore, highlighting its critical role in empowering India’s SME sector with innovative financial products.

4. Groww

Profit – $53.5 million (INR 448 cr.)

Groww, an investment platform launched in 2017, has simplified investing for individuals by offering a wide range of financial products, including mutual funds, stocks, and fixed deposits. In 2024, Groww reported a profit of Rs 448 crore, underscoring its success in democratizing investment opportunities in India. Its user-friendly interface and educational resources have attracted a large user base.

5. Dream11

Profit – $14 million (INR 188 cr.)

Dream11, the fantasy sports platform launched in 2008, allows users to create fantasy teams and compete in various sports, including cricket, football, and basketball. As a pioneer in the fantasy sports market, Dream11 has attracted millions of sports enthusiasts. In 2024, the company reported a profit of ₹188 crore, reflecting its strong market presence and ability to monetize the fantasy sports craze.

6. Infra.Market

Profit – $18.5 million (INR 155 cr.)

Infra.Market, a construction solutions provider founded in 2016, leverages technology to offer a wide range of building materials and services. By optimizing the supply chain and providing high-quality products, Infra.Market has become a key player in the construction industry. In 2024, it reported a profit of Rs 155 crore, showcasing its impact on India’s infrastructure sector.

7. BillDesk

Profit – $16.8 million (INR 141 cr.)

BillDesk, an online payment gateway company established in 2000, facilitates secure and seamless transactions for consumers and businesses. Regulated by the Reserve Bank of India, BillDesk has built a reputation for reliability and efficiency. In 2024, the company achieved a profit of ₹141 crore, maintaining its position as a leader in the fintech space.

8. Zomato

Profit – $16.4 million (INR 138 cr.)

Zomato, founded in 2008, is a leading food delivery and restaurant discovery platform. With its extensive database of restaurants and efficient delivery network, Zomato has transformed the dining experience for millions of users. In 2024, the company reported a profit of INR 138 crore, reflecting its strong market position and successful expansion into various verticals, including grocery delivery.

9. Gupshup

Profit – $5.8 million (INR 49 cr.)

Gupshup, a conversational messaging platform founded in 2004, enables businesses to create chatbots and automated messaging solutions. Serving a global market, Gupshup has become essential for enhancing customer engagement and communication. In 2024, the company recorded a profit of Rs 49 crore, underscoring its importance in the rapidly growing messaging and chatbot industry.

10. EaseMyTrip

Profit – $5.4 million (INR 46 cr.)

EaseMyTrip, an online travel company established in 2008, offers a range of travel services, including flight bookings, hotel reservations, and holiday packages. Known for its competitive pricing and user-friendly platform, EaseMyTrip has become a popular choice for travelers. In 2024, the company reported a profit of Rs 46 crore, solidifying its position in the travel and tourism sector.

The success stories of these top 10 profitable Indian startups highlight the vibrant and resilient nature of India’s entrepreneurial landscape. Each company has leveraged technology, strategic planning, and customer-centric approaches to achieve significant profitability, setting benchmarks for others. Their journey underscores the potential for startups in India to thrive and scale, contributing significantly to the economy.

Only 23 of India’s Unicorn Startups are Profitable

India’s startup ecosystem has witnessed a significant surge in unicorns, with numerous companies achieving billion-dollar valuations. The list of unicorn startups in India includes various sectors, from education technology and digital payments to food delivery and logistics.

Here is the list of only 23 of 100 profitable unicorn startups

Games24*7

Oxyzo

Amagi

CredAvenue

Mamaearth

ShipRocket

CoinSwitch

MindTickle

OfBusiness

Lenskart

Gupshup

Groww

Five Star Business Finance

Infra Market

Nxtra Data

Zerodha

Zomato

Postman

Nykaa

FirstCry

Zoho

BillDesk

ThoughtSpot

The profitable unicorn startups in India are a testament to the country’s dynamic and rapidly evolving business environment. Their ability to scale and generate significant profits underscores the strength and potential of India’s entrepreneurial ecosystem. As these unicorns continue to grow and expand their influence, they pave the way for future startups.